Covenant Childrens Center

Analysis

Covenant Childrens Center is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Covenant Childrens Center reported income of $1.4m and spending of $1.4m, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.6m to $1.4m (-12%), an average of -3.1% a year. The sharpest change came in the year to August 2020, when income dropped by 22%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Covenant Childrens Center sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Three Rivers Manufacturers Assoc ($1.4m), Jackson County Education Coalition Inc ($1.4m) and New Life Christian Academy ($1.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $218k (16% of expenses). At year end it held assets of $283k against liabilities of $91k, net assets of $192k. It reported 19 employees.